On January 11, the intermediate price of RMB against the US dollar rose 251 basis points to 6.7909, a new high since July 26, 2018.

By 13 o’clock, the onshore and offshore renminbi had risen to a new high of 6.75 against the dollar since July 2018.

Before that, it would break the “7” without moving. Now, how can it change? The RMB has straightened up its waist.

In fact, this round of RMB appreciation against the US dollar is not a matter of two days.

The current round of appreciation began in mid-November 2018, so far, the appreciation has exceeded 2%.

If the closing price is 6.8499 on January 7, the onshore appreciation of RMB will exceed 1000 points in the past week.

Not only against the US dollar, but also against a basket of currencies, the RMB exchange rate index of CFETS has risen from around 92.40 to around 93.30.

In less than two months, what has happened to the renminbi, from the last deep-seated devaluation to today’s high-pitched progress? What will happen in the future? How will it affect you and the employer who pays you my salary? Poke down!

1. The Fed’s expectation of ending the interest rate hike ahead of schedule warms up

The latest minutes of the Federal Reserve meeting show that interest rate hikes are carried out when a few members are unwilling to raise interest rates. They believe that there is no inflationary pressure, oppose another rate hike, and acknowledge that the future policy path is “less clear”.

Affected by this, the dollar index fell sharply, nearly 1%, approaching 95. In fact, from November 2018 to the end of last year, the dollar index has depreciated by nearly 0.5%. The decline in the dollar index has led to the appreciation of the RMB.

2. Steady momentum of interest rate spreads between China and the United States

On Jan. 7, Tianjin Lujiazui Marriott Hotel was accused of refusing to host its annual meeting because the other party was a funeral enterprise. Today (9), Ms. Yan, the public relations manager of the company affiliated to the hotel, responded that the investigation was under way.

On January 7, Mr. Guo, head of the ashes storage office of Xicheng dormitory in Tianjin, echoed the reporter of Beijing News. The unit had planned to hold an annual meeting at Wanyi Hotel in Lujiazui, Tianjin, on

January 10. He said that after publishing the information of the annual meeting, on January 5, the manager of Tianjin Lujiazui Marriott Hotel contacted him and said that he could contract for the annual meeting. Subsequently, the company paid a dep

osit and waited for the signing of the convention. “I kept urging them that the convention was never heard of.” At 4 p.m. on the 7th, the hotel informed Mr. Guo that it had no choice but to undertake the event.

Mr. Guo suspected that the refusal of the annual meeting had something to do with his informing the hotel that his unit was the funeral industry. He recalled that a manager of the hotel had telephoned to inquire about his company’s industry, and in response to the funeral industry, the manager further asked him if he had any wreaths and other supplies. “We’re holding a chamber of agents, not a memorial service.”

According to the recording of the conversation with the hotel staff, when Mr. Guo said why he refused to host the annual meeting of his company, the other side said that because “the order can not be placed, the venue can not be determined”.

Mr. Guo’s Hotel telegraphic transfer certificate shows that he paid the hotel a deposit of 17302 yuan. He said the hotel said the deposit would be returned without apology or compensation. The company has sent invitations to more than 50 agents, and the cancellation of the annual meeting will have a negative impact on the company.

Today, Ms. Yan, public relations manager of Tianjin Lujiazui Hotel Management Co., Ltd., responded that the matter is still under investigation.